This bill amends the Energy Act of 2020 to expand the legal definition of "critical minerals" to include "critical materials" as determined by the Secretary of Energy. The change allows the government to more quickly and comprehensively track and manage materials essential to energy production, technology, and national security. Under the legislation, the Secretary of Energy must update the official list of critical minerals within 45 days of designating any new non-fuel mineral, element, substance, or material as a critical material. This affects industries relying on rare earth elements, battery materials, and other resources needed for renewable energy and defense applications. The bill was introduced in September 2024 but contains no specific new funding allocations.
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